Santam and its fund manager, Sanlam Investment (SI), are signatories to both the United Nations Principles of Responsible Investment and the Code of Responsible Investing by Institutional Investors in South Africa (the Codes). SI’s responsible investing policies and guidelines, incorporating Environmental, Social and Governance (ESG) considerations impacting the long-term sustainability of Santam’s portfolio investments as well as active ownership practices, are aligned with the Codes and King IV.
For more information on how SI applies responsible investing principles in its business, click here.
Santam also influences responsible systemic risk responses through vehicles such as the Resilient Investment Fund, the South African SME Fund, the ASISA ESD Fund, enterprise and supplier development and corporate social investment (CSI) initiatives.
The Resilient Investment Fund differentiates itself from traditional Santam investments through a mandate that is systemically focused rather than focused on risk and return. The Fund’s objective is to target investments in the private sector credit market with the intention of generating both financial and social returns. Past fund investments focused on building new homes, creating jobs, empowering families to manage/consolidate their debt, and assisting homes with green-energy finance.
The focus of the SA SME Fund is creating and growing mainly black entrepreneurs with the focus on SMEs. The Fund aims to achieve a blended portfolio of high-growth businesses, businesses forming part of the corporate supply chain, tech venture capital and social impact investments.
To date, Santam has invested R56 million in the ASISA ESD Fund. The Fund’s focus is on black SMEs, aligned with the value chains of the funders. It aims to build businesses through a combination of business development and investment support.